Carlsbad-based TaylorMade Golf Co. Inc. received a $225 million credit facility from PNC Bank, the Delaware-based financial services company announced on Jan. 4.
Specifically, the line of credit is a senior secured asset-based revolving credit facility.
New York-based KPS Capital Partners LP bought TaylorMade from Adidas AG for $425 million in a deal announced on May 10.
TaylorMade produces high-performance golf equipment, golf balls and accessories. Its tour staff includes Dustin Johnson, Rory McIlroy, Jason Day, Justin Rose, Jon Rahm, Tiger Woods and Paula Creamer.